Exceeding Intel Earnings Estimates. Why the stock is falling.

Text size Intel shares fell after the company announced gains. David Paul Morris / Bloomberg Intel The stock fell in extended trading Thursday after the company missed sales expectations and announced that its chief financial officer would retire in May. The company also attributed a decline in the PC business to a wider component shortage. … Read more

Opinion: Snap points out the possibility that Apple caused the long-feared “Ad-Mageddon”

Snap Inc. raised the alarm on Thursday for the long-feared collapse in Internet advertising that could come in the normally busy fourth quarter. Long feared, because since Apple Inc. AAPL, + 0.15% Announcing upcoming iPhone privacy changes, many internet advertising companies are warning of the impact this is having on their bottom line. Apple updated … Read more

China Evergrande is making overdue interest payments on dollar bonds, state media say

The China Evergrande Group has made an overdue interest payment to international bondholders, the state-run Securities Times reported on Friday, an unexpected move that enables the real estate company to avert default. The Chinese real estate developer transferred $ 83.5 million to the trustee for the dollar bonds Thursday, and that financial institution will in … Read more

Deutsche Bank whistleblower receives $ 200 million bounty for tips for Libor misconduct

A whistleblower whose information helped US and UK regulators investigate Deutsche Bank’s manipulation of global interest rate benchmarks AG was awarded nearly $ 200 million in support of the investigation, according to people familiar with the matter. The payout is the highest ever by the Commodity Futures Trading Commission, which worked with the Department of … Read more

PayPal shares tumble on news from Pinterest talks

Shares in PayPal Holdings Inc. PYPL -5.86% fell 5.9% on Thursday, a sign investors have doubts about the company’s possible purchase of Pinterest Inc. PINS -2.12% Shares fell $ 15.15 to $ 243.21 in early trading. That was in addition to a 4.9% decline Wednesday after a potential deal became known. PayPal lost more than … Read more

Verizon stock rises on top earnings estimates

Verizon Communications ‘Stock, which has been under pressure for months, will see some easing on Wednesday following the company’s third-quarter results release. The telecommunications giant showed rising subscriber growth for the second straight quarter, as well as advances in its strategy of moving customers to higher-revenue plans in the 5G era. And also for the … Read more

Novavax, Tesla, Netflix, United: What to watch out for when the stock market opens today

The futures are flat as investors await another large amount of earnings reports. Here’s what we’re looking at ahead of Wednesday’s action: Novavax shares plunged 23% ahead of market price after Politico reported the pharmaceutical company had difficulty manufacturing a Covid-19 vaccine that met regulatory quality standards. The vaccine manufacturer Moderna gained 0.5%. Netflix lost … Read more

Tesla shares climb to a record high. Profit estimates are also rising.

Text size A Tesla Model S is connected to a Tesla compressor. Odd Andersen / AFP via Getty Images Tesla Third quarter earnings are coming, and investors are expecting a blowout number as they climb the stock – almost – to an all-time high. Analysts are also bullish on the quarter but are slowly increasing … Read more

Stock futures rise as large companies report profits

US stock futures rose as a number of companies released earnings that investors analyzed for insights into how companies were doing with inflation and supply chain disruptions. Futures for the S&P 500 rose 0.4% Tuesday, suggesting the broad market index will rise after New York’s opening bell. Contracts for the technology-driven Nasdaq-100 rose 0.4% and … Read more

Zillow is outdone in his own game

Zillow seems to be over the moon. The company, which took pride in its technology to outsource a lot of human work, suddenly hands the work right off to the human. The Zillow Group’s automated home flipping business has temporarily suspended new home purchases, Bloomberg reported on Sunday. In a statement accompanying the article, a … Read more